"First of all, we can use our strengths to develop a special gold standard system. We can't copy the gold standard of foreigners, we can use our own methods to do it. First of all, we can formulate the rules, for example, the gold standard system in foreign countries is the gold standard of unlimited legal compensation, and anyone with paper money can exchange it for huàn to become gold. And that banknote is actually a gold coin, which we can call the gold coin standard. Of course, we can't use this method of infinite legal compensation, and we have to adjust it appropriately. ”

"We can stipulate that in order to convert paper money into gold, one must accumulate enough to a certain extent. For example, we have to let the people accumulate enough banknotes worth 50 kilograms of gold to be able to come to our central bank of Taiwan to exchange for gold. Moreover, if the amount of gold exchanged for huàn is huge, then we also have to review the identity, and this identity review process is very complicated, and we must let their ancestors review it clearly for eighteen generations, so they may really cry. We can even stipulate that gold cannot be taken out of the island of Taiwan, and we can let the customs investigate the gold out of the country, and our gold from Taiwan can only enter the country, not leave the country. In this way, we can eliminate the possibility of gold outflow as much as possible. ”

And listening to Wang Guorui's establishment of rules and regulations, everyone felt speechless for a while. Wang Guorui is obviously deliberately artificially and deliberately set up obstacles for the people to exchange huàn gold, if you want to use paper money to exchange huàn gold, then this process is not so easy to go through. If you have to go through such a complicated process to get gold, then I'm afraid it really makes people have no heart to redeem it, after all, it is too difficult to exchange gold. And even if it is exchanged for gold, it cannot be taken out of Taiwan, so the gold cannot flow out. And with such a way of playing, how can gold still flow out? When the time comes. Taiwan's gold is in and out, so isn't it easy to ensure that gold will not fall into the hands of foreigners?

"There are several benefits to this approach. The first biggest benefit is to be able to avoid the outflow of our gold and to be able to resist those financial risks. Secondly, we can all save gold. After all, our gold is finite. Our gold is a drop in the bucket compared to foreign devils. Naturally, we can't learn the gold standard of foreign devils, we can set up a gold standard that belongs to our characteristics. With this restriction on the exchange of gold, we can avoid the circulation of gold coins, and foreigners will not be able to collect our currency to arbitrage our gold. Even because the vast majority of our people can't exchange huàn gold, we can actually use a very small amount of gold to maintain the relationship with gold and currency, and we can save most of the other gold. So, with this gold standard, I was actually able to save a lot of gold. Most of the currency can then be issued with a small amount of gold. ”

"Of course, we can't issue money indefinitely. Because our currency is nominally on the gold standard, but in reality it is issued by the credibility of our government, and if we issue too much, it will be very detrimental to our credibility. In fact, we are all based on reputation, not pure gold. ”

When Wang Guorui's variant of the gold standard was proposed, many people were immediately shocked. I thought you didn't expect Wang Guorui to be able to say such a set so quickly, and it seems that it is really very feasible. Wang Guorui's proposal to implement the gold standard with Chinese characteristics also makes everyone feel satisfied. If the gold standard is so implemented. In fact, it is still indirectly the same as the ancient government in the past, which implements the method of handing over money. It is issued to the credibility of the country. However, this situation is covered with a layer of gold standard, and at most a small amount of gold is taken out to deal with those large quantities of exchange.

And the restriction of gold makes the government dare not issue currency indiscriminately, so everyone agrees. In the past, the ancient government issued banknotes, which was completely unprofitable, so those idiot officials in ancient times also issued banknotes indiscriminately for some petty profits. In this way, the money is not even compared to the butt paper. This has something to do with the fact that ancient officials did not understand the credibility of the country and the principle of money. Taiwan's current officials have somewhat understood some economic theories, and the existence of a gold standard has also limited the government's indiscriminate issuance of currency. After all, if money is issued indiscriminately, then in the end, once someone gathers to run on gold. That's all about to be a crisis. Therefore, the gold standard system specially designed by Wang Guorui also limits the possibility of those governments issuing money indiscriminately.

"But Lord Wang, is this still the gold standard?" Lee Min Hyun asked.

"How not? This is the gold bullion standard, and the gold standard of gringos such as the British can be called the gold coin standard. After all, the system is determined by human beings, so why do we have to learn from the system of Westerners, and we can't have a certain system of our own? We Chinese have not had to be inferior to foreigners since ancient times, but we have been overtaken by Westerners in the past two hundred years. But if this doesn't take us, it is absolutely lagging behind, and we can actually catch up. It's okay if we make our own system that suits us. Why do we have to follow the Westerners' buttocks? We can actually go our own way without having to follow others. If you keep learning from others, you can only lag behind others forever in the end, and you can't catch up. Therefore, only innovation is the necessary condition for truly surpassing foreign countries. Wang Guorui said.

Of course, Wang Guorui knows very well that innovation is the foundation of a strong country, and if there is no innovation, it will always be behind the butt of others, and it will never be able to become a real leader of the country. Just like the later Made in China and China Creation, the latter is much more valuable than the former. So if there is no innovation, you can only follow others to pick up some leftovers to eat. The gold standard is practiced in foreign countries, and it is a system practiced by foreign countries, and it is a system suitable for foreign countries. As for China, there is no need to copy 100%, after all, ancient China also had allusions to the south and the north, so some of them must be suitable for themselves, and only by creating a system that suits them can they have better vitality. If you do it, it will inevitably fail.

Wang Guorui's "gold nugget standard" is actually a Westerner after the First World War. Originally, the Western countries of the world, because of the First World War, all countries have restricted the export of gold, and in order to save gold, they can also put forward this gold bar standard, which means that the monetary system has moved to the non-gold standard. You must know that according to the original history, the gold standard system will collapse sooner or later, so Wang Guorui used this gold bar standard in advance. And this bullion standard can use a small amount of gold to issue a large number of currencies, and then it is actually a credit standard. This is the most suitable system for Taiwan's current system, which can implement the gold standard with the least amount of gold, and can also avoid the manipulation of Taiwan's monetary economy by foreigners as much as possible.

Everyone was very satisfied with the gold bullion standard, which allowed them to not only issue gold standard banknotes, but also to prevent foreigners from using their economic power to influence them. And this is actually to use the government's coercive ruling ability to make rules on its own territory, and then it can avoid foreigners from interfering in its own economy. Therefore, there is no best system, only the most suitable system, and this is the most suitable system. With this gold nugget standard, the British could not use their huge economic power to interfere in Taiwan. If they should intervene in Taiwan, then they will be stripped of the skin by the Taiwanese government using public power, and in the end, the British will not be able to achieve the results they want. This is also the gold standard with Taiwanese characteristics, which can make many people helpless.

"Okay, immediately let the Central Bank of Taiwan start printing banknotes, and then pay attention to the anti-counterfeiting work. In addition, we must do a good job in publicity, and our Taiwan will gradually become paper money in the future, and currencies such as silver and copper coins will be gradually excluded from our Taiwan market, so that we will mainly use paper money. And we need to do a good job of explaining so that the people understand why we are implementing the gold bar standard. But I'm sure they can still understand it, after all, the vast majority of ordinary people don't have much capital, and it's impossible for them to exchange a lot of gold. Gold is something you can't eat or drink, and we're not gold coins, but gold nuggets! So I don't think ordinary people will come to redeem huàn, and those who redeem huàn are probably the vast majority of people who are doing ghosts! When the time comes, those who want to exchange a large amount of huàn gold, they must be strictly investigated, so that they do not be spies sent by foreigners. Wang Guorui said.

And Lee Min Hyun immediately said, "Okay, I'll go and prepare right away, and then make preparations to process this banknote." Strive to print a large number of them within two days. ”

Li Minxian can easily print out paper money, after all, paper money printing is not difficult, the main thing is to cut gold reserves. So you can get a lot of banknotes within two days.

Soon, the discussion about the gold standard will be over. And this gold standard, in fact, has been specially processed by Taiwan, and it is not the gold coin standard of Westerners at all. And this so-called "gold bullion standard" will have a huge impact on future monetary policy, and even affect the whole world. (To be continued......)